Cumberland Partners Ltd Purchases Shares of 1,430 Union Pacific Corporation (NYSE:UNP)

Key Points

• Cumberland Partners Ltd acquired 1,430 shares of Union Pacific Corporation, valued at approximately $338,000, as disclosed in their recent 13F filing.
• Union Pacific reported $3.03 earnings per share for the latest quarter, surpassing analysts' expectations and showing a revenue increase of 2.4% year-over-year.
• The firm announced a dividend increase to $1.38 per share, representing a 2.5% yield, effective for shareholders before the ex-dividend date on August 29.

Cumberland Partners Ltd acquired a new position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,430 shares of the railroad operator's stock, valued at approximately $338,000.

Several other institutional investors have also modified their holdings of the stock. Highline Wealth Partners LLC grew its holdings in shares of Union Pacific by 103.5% during the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock worth $27,000 after purchasing an additional 59 shares during the last quarter. EnRich Financial Partners LLC acquired a new stake in shares of Union Pacific during the fourth quarter worth about $31,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Union Pacific during the first quarter worth about $32,000. Cornerstone Planning Group LLC increased its position in shares of Union Pacific by 50.5% during the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock worth $37,000 after purchasing an additional 56 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL increased its position in shares of Union Pacific by 38.8% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock worth $39,000 after purchasing an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company's stock.

Union Pacific Stock Performance

UNP opened at $219.31 on Friday. The stock has a market cap of $130.06 billion, a P/E ratio of 19.05, a P/E/G ratio of 2.14 and a beta of 1.06. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. The stock's 50 day simple moving average is $227.04 and its 200 day simple moving average is $230.86. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $258.07.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, topping analysts' consensus estimates of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%. The business had revenue of $6.15 billion for the quarter, compared to analysts' expectations of $6.09 billion. During the same quarter in the prior year, the firm posted $2.74 EPS. The company's revenue was up 2.4% compared to the same quarter last year. As a group, equities analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a $1.38 dividend. The ex-dividend date is Friday, August 29th. This represents a $5.52 annualized dividend and a dividend yield of 2.5%. This is a boost from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's payout ratio is presently 46.57%.

Wall Street Analyst Weigh In

UNP has been the topic of several research analyst reports. Citigroup lowered Union Pacific from a "strong-buy" rating to a "hold" rating and cut their price target for the stock from $270.00 to $250.00 in a research report on Wednesday. Barclays lowered Union Pacific from an "overweight" rating to an "equal weight" rating in a research report on Wednesday. Jefferies Financial Group raised Union Pacific from a "hold" rating to a "buy" rating and lifted their price target for the stock from $250.00 to $285.00 in a research report on Friday, July 25th. Royal Bank Of Canada lifted their price target on Union Pacific from $257.00 to $276.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, Argus raised Union Pacific to a "strong-buy" rating in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $258.21.

Union Pacific Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.